Bank Of America Foreclosure For Homeowners After Mortgage Modification Program–Homeowners Who Don’t Qualify For HAMP | Red, White, & Blue Press: "Bank of America and other financial institutions have been reportedly improving their modification efforts, but there are still problems that homeowners must overcome if they wish to find a more affordable monthly mortgage payment and avoid foreclosure during a time where personal financial distress is present. Yet, homeowners should also understand that options from their state’s housing agency or directly from their servicer, in the form of a proprietary, in-house home loan modification or alternative options that may help these foreclosure numbers of abate somewhat over the coming months, but of course it is certain that foreclosure will remain a problem for quite some time."